Collective Sale

Thong Sia Building along Orchard Road sold for S$380 million

Thong Sia Building located opposite The Paragon in the Orchard Road shopping belt has been sold to SIN Capital Group for S$380 million, marketing agent JLL said in a news release on Wednesday (Jul 29). This works out to S$2,430 psf over the existing gross floor area for the freehold building. The 26-storey building was built in 1981 and has a land area of about 21,602 sq ft. It currently comprises seven...

Spring Grove could be largest en bloc sale in Singapore

Spring Grove, a condominium along Grange Road, has been put up for sale by tender. According to its marketing agent Knight Frank Singapore, the owners are expecting offers in excess of S$1.39 billion. This includes a lease top-up premium for a fresh 103-year lease. That will make it the the largest ever enbloc sale in Singapore, in terms of value. Spring Grove sits on a site with a land area of about...

Collective sales of large HUDC projects to remain challenging

Analysts have said the collective sales of large Collective sale projects will remain challenging amid a slowing property market. Of the 13 HUDC estates that have been legally privatised so far, only five have successfully completed the en bloc deal. Braddell View is the last of 18 HUDC estates to be announced for privatisation. Analysts said that should it go through, residents will have greater...

En bloc market in S’pore slows in 2013

The en bloc market has slowed significantly this year as developers turned cautious following the government's cooling measures and loan curbs. The value of en bloc transactions fell to S$1.3 billion so far this year, down from S$1.4 billion in 2012 and S$3.2 billion in 2011, according to property consultant Jones Lang LaSalle. Eunosville is up for en bloc sale for the second time, after its first...

En bloc market stirs, two tenders launched

The en bloc property market is stirring again with the launch of two collective sale tenders yesterday — one at the former Housing and Urban Development Company (HUDC) development Eunosville and a smaller one in the affluent postcode of Jervois Road. Eunosville, a 330-unit housing project opposite Eunos MRT Station, has been re-launched at an unchanged reserve price of S$688 million after its maiden...

Versailles relaunches en bloc sale tender at lower price

Versailles, a 55-unit residential development, has been re-launched for en-bloc sale after an earlier attempt to find a buyer failed because bids did not reach the reserve price. Jones Lang LaSalle, which is the sole marketing agent, said that the collective sale committee managed to seek a fresh mandate to reduce the reserve price and that it is now in a position to accept any offer above S$96...

Collective sales of private homes slowed down 13% in Q2

The collective sales or en bloc sales market for private residential properties saw a slowdown of 13 per cent in the second quarter (Q2) compared to the first three months of the year. The collective sales market in Q2 remained lukewarm as only four small sites were sold for a total of S$215.4 million. This is compared to the three deals worth S$247.8 million done in the first quarter. Analysts said...

Hillview residential site up for sale by tender

A freehold residential site at 1 Jalan Remaja, off Hillview Avenue, has been put for sale by tender. The site, which is located on elevated ground, has a land area of over 43,500 square feet. According to its marketing agent DTZ Debenham Tie Leung, the site can be developed into a 10-storey condominium with a maximum gross floor area (GFA) of about 83,600 square feet. It added that the new...

Eunosville up for collective sale

Eunosville, a former Housing and Urban Development Company (HUDC) estate, has been put up for collective sale. If successful, it will be the largest en bloc deal in six years. The announcement yesterday by sole marketing agent Jones Lang LaSalle came two years after the 330-unit residential estate was privatised and six years after the last successful en bloc sale of an HUDC site. Eunosville, directly...

Henley Industrial Building up for collective sale

The Henley Industrial Building was put up for collective sale on Tuesday. The four-storey industrial building at Upper Paya Lebar Road has an area of approximately 27,161 square feet with 17 existing units. Marketing agent CBRE said the building has a reserve price of S$37 million. This works out to S$545 per square foot (psf) per plot ratio and a breakeven cost of about S$792 psf. No...

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